Housing: Production and Costs Survey

Paper Summary:

This paper presents and examines the housing market overview for North Carolina in the 2000s. It then discusses the current housing market from a national and international outlook. Finally, the paper discusses future trends in the housing market and the factors that will have an influence on the market demand and housing consumption habits. The paper contains graphs and figures.

Table of Contents:
Housing Market Three Years Ago
National Outlook
North Carolina
Current Housing Market
International and National Outlook
North Carolina
Future Trends in the Housing Market

From the Paper:

"To conclude, demographic trends will be essential in the future to estimate the housing market in a longer period of time. The population movements in terms of age, migration, income or any other demographic item will have its influence on the market demand and housing consumption habits. Recent production and production costs trends point to an increase of production and a decrease of unit costs, which makes sense given technological upgrades and learning curves. However, these trends haven't yet been correlated to demographic factors to estimate the housing market in the near future."

Sample of Sources Used:

• Chiswick, Barry and Paul Miller (2003), "Issue Paper on the Impact of Immigration for Housing", HUD - US Department of Housing and Urban Development.
• HouseHunt (2008), http://www.househuntnews.com/MCR/North-Carolina/
• Masnik, George and Zhu Xiao Di (2003), "A Sensitivity Analysis", HUD - US Department of Housing and Urban Development.
• National Association of Realtors, (2007), http://www.realtor.com/
• North Carolina Housing Finance Agency (2007), "The State of Housing in North Carolina", www.nchfa.com/

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